USA HISTORY

Detailed explanation-1: -Since the treasury department is basically in charge of the bank’s balance sheet, it is also responsible for setting aside reserves to meet the reserve requirements prescribed by the Central Bank. Also, the capital requirements prescribed by the Basel norms have to be met.

Detailed explanation-2: -Treasury involves the management of money and financial risks in a business. Its priority is to ensure the business has the money it needs to manage its day-to-day business obligations, while also helping develop its long term financial strategy and policies.

Detailed explanation-3: -The treasury department is responsible for a company’s liquidity. The treasurer must monitor current and projected cash flows and special funding needs, and use this information to correctly invest excess funds, as well as be prepared for additional borrowings or capital raises.

Detailed explanation-4: -The Treasury Financial Manual (TFM) is the Department of the Treasury’s official publication of policies, procedures, and instructions concerning financial management in the federal government.